Aug 26 ZipRecruiter Gets $63M Series A

In what looks like one of the largest Series A funding rounds in awhile in Southern California, Santa Monica-based ZipRecruiter announced this morning that it has raised $63M in a funding round, for its job posting service for small and medium sized businesses. The startup, which is led by Ian Siegel, said the Series A funding was led by Institutional Venture Partners (IVP), and also included Basepoint and Industry Ventures. ZipRecruiter helps companies by distributing job postings to over 50 online job boards, and also helps companies by consolidating applications. The company also maintains its own, online searchable resume database of job seekers. According to ZipRecruiter, the new funding will go to develop new products, accelerate marketing, for acquisitions, and to scale its infrastructure. IVP's Eric LIaw joins the company's board with the funding.